Czech energy regulator: 2015 electricity prices to drop but gas costs to rise slightly

Electricity prices in the Czech Republic are set to drop slightly in 2015 while gas prices are expected to rise - the Energy Regulatory Authority has said. The authority announced it had succeeded in being able to cut regulated costs for electricity by an average 2.1% next year for the biggest consumers and predicts that wholesale electricity prices will fall by 5% over 2015. ERU chairwoman Alena Vitaskova said the costs of supporting renewable energy are expected to be cut by two billion crowns. Among the major changes next year are increased support for new capacity for electricity production from burning biomass with other fuels and cogeneration of heat and electricity.

Author: Jan Velinger